Annual growth rate in Irish residential mortgages in May 2008 fell to 11.1% - the lowest rate since January 1992 - Central Bank
Jun 30th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The annual growth rate in Irish residential mortgages in May 2008 fell to 11.1 per cent, according to the Central Bank - the lowest rate since January 1992. Demand for private-sector credit continued to slow in May, with the annual rate of increase declining to 15.1 per cent. Non-mortgage credit expanded at an annual rate of 18.2 per cent. May recorded the highest monthly increase in residential mortgages in 2008 to date of €1.3 billion.